Boss Of Tema Oil Refinery (TOR) Mr Asante Berko Resigns After Bribery Allegations

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The boss Tema Oil Refinery, Mr Asante Berko has tendered his resignation days after being implicated in a bribery scandal.

The President of Ghana Nana Akuffo-Addo has warmly accepted his resignation and has wished him well in future endevaours.

A statement signed by Eugene Arhin, Director of Communications at the Presidency states that, the president has accepted Mr Asante Berko’s resignation and has informed all the Board of Directors of TOR of this development.

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The President has however wished him well in his future endeavours,” the statement, signed by Eugene Arhin, said.

Mr. Berko has been fingered over some paid monies as bribes to some Ghanaian government officials to help a client win a power-plant contract in Ghana.

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He is, therefore, facing charges from the Securities and Exchange Commission (SEC), of the United States of America for breaching the Foreign Corrupt Practices Act, (FCPA).

According to reports from the US regulators and information from a civil suit, he made arrangements for some millions of dollars to be paid to some government officials for a contract.

The US Securities and Exchange Commission said Asante Berko, a former employee at a subsidiary of the U.S. lender, arranged the bribes for a Turkish energy company to funnel the money to a Ghana-based intermediary, which then paid the local officials.

“Goldman Sachs fully cooperated with the SEC’s investigation and as stated by the SEC in its press release, the firm’s compliance personnel took appropriate steps to prevent the firm from participating in the transaction,” company spokeswoman Nicole Sharp said.

“Berko helped the Ghana-based intermediary pay more than $200,000 in bribes to various other government officials, and personally paid more than $60,000 to members of the Ghanaian parliament and other government officials, the SEC statement said, adding that Berko took deliberate measures to prevent his employer from detecting the bribery scheme,” a statement by the US authorities noted.

Mr. Berko has however, denied all the charges in a press statement he released yesterday.

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